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it's bill daley, before serving as president obama's white house chief of staff from 2011 to 2012. daley held discussions with organizations pushing for that split. the topic of discussion, source of the group's consternation, and whether a kproepgs at this stage of the vote is at all possible. one person familiar president matter said that it was communicated that it was too late to broker a deal. the vote, of course, is next tuesday. now, as public opinion starts to gel ahead of it, daley not the only jpmorgan alum coming to dimon's defense. larry bosserty did so this morning here on cnbc. >> i can't help but think it's misdirected and misguided. if you take a look at the history of what's happened since dimon's been there, he navigated through the shoals of the 2008 financial collapse without any problems, they didn't have a loss quarter, they didn't need t.a.r.p., they took it to be a team player, and therefore they've had three record years of earnings, a return better than most. >> less than a week to go before the vote. today, jpmorgan shares hit a 52-week high. kelly? >> ka
it's bill daley, before serving as president obama's white house chief of staff from 2011 to 2012. daley held discussions with organizations pushing for that split. the topic of discussion, source of the group's consternation, and whether a kproepgs at this stage of the vote is at all possible. one person familiar president matter said that it was communicated that it was too late to broker a deal. the vote, of course, is next tuesday. now, as public opinion starts to gel ahead of it, daley not...
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what do you think of the obama administration's -- the white house -- let me say that more precisely -- the white house's response to this budding scandal, and what could the administration do right now to satisfy you and lower the temperature? >> the white house needs to show that, of all things, the i.r.s., with the information they have on every tax-paying american, must regain its credibility. to do that, the white house needs to -- well, the president needs to take stepping to, first of all, determine exactly how -- where this landed, and take steps against the people who would do something that is so unprofessional and dishonest action and they've got to get to the bottom of it and show that he's taking it seriously. his words are good, and now let's see what the actions are. >> talk is cheap, as the saying goes, or as mommy told me, it's the actions that count. stick with us, if you wouldn't mind, as we bring in john harwood and eamon javers. the white house is facing heat over benghazi, the i.r.s. matter, the associated press. the attorney general will hold a news conference
what do you think of the obama administration's -- the white house -- let me say that more precisely -- the white house's response to this budding scandal, and what could the administration do right now to satisfy you and lower the temperature? >> the white house needs to show that, of all things, the i.r.s., with the information they have on every tax-paying american, must regain its credibility. to do that, the white house needs to -- well, the president needs to take stepping to, first...
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May 15, 2013
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moments away from president obama's remarks from the white house as you see there from the irs. larry kudlow and eamon javers joins us now this is an issue that gained a lot of traction and steam right now. >> melissa, as you know, the president met with some of his treasury department advisers, regarding the ifrp rs scandal. irs in the tresry want it. if i had to make a wild guess without knowing anything, you will see him take greater actions, the you dig into it. so that's one possibility. >> yeah, ayman, no surprise, a lot of lawmakers out there are call, for heads to rom on this. >> reporter: that's right, mellissa. this administration has been on its heels as far as scandal. we do know what the speaker of the house said should happen. take a listen to john boehner earlier. >> my question isn't about who's going to resign. my question is, who's going to jail over this scandal? >> and, obviously, mellissa, who is going to jail is a very tough question
moments away from president obama's remarks from the white house as you see there from the irs. larry kudlow and eamon javers joins us now this is an issue that gained a lot of traction and steam right now. >> melissa, as you know, the president met with some of his treasury department advisers, regarding the ifrp rs scandal. irs in the tresry want it. if i had to make a wild guess without knowing anything, you will see him take greater actions, the you dig into it. so that's one...
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a very rough 48 hours for team obama. the hard questions for the white house just keep coming. is his whole second term going up in smoke? we begin tonight with the growing irs scandal, which has the administration in full-scale damage control mode. and just over an hour ago, the highly anticipated inspector general's report on this was released. cnbc's eamon javers joins us with details. good evening. >> good evening, this is the report you're talking about. it's a report from the inspector general, who deals with the irs. let's walk through a couple key findings here that have been absorbing washington over the past couple days. now is our first chance to actually dive in and read the report. here's what they said they found. they found that the irs has used inappropriate criteria that identified tea party and other groups applying for tax exempt status. the irs also caused delays in processing certain applications, and it issued unnecessary information requests to groups for information such as who their donors are and other identifying information about how they operated. s
a very rough 48 hours for team obama. the hard questions for the white house just keep coming. is his whole second term going up in smoke? we begin tonight with the growing irs scandal, which has the administration in full-scale damage control mode. and just over an hour ago, the highly anticipated inspector general's report on this was released. cnbc's eamon javers joins us with details. good evening. >> good evening, this is the report you're talking about. it's a report from the...
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a very rough 48 hours for team obama. the hard questions for the white house just keep coming. is his whole second term going up in smoke? we begin tonight with the growing irs scandal, which has the administration in full-scale damage control mode. and just over an hour ago, the highly anticipated inspector general's report on this was released. cnbc's eamon javers joins us with details. good evening. >> good evening, this is the report you're talking about. it's a report from the inspector general, who deals with the irs. let's walk through a couple key
a very rough 48 hours for team obama. the hard questions for the white house just keep coming. is his whole second term going up in smoke? we begin tonight with the growing irs scandal, which has the administration in full-scale damage control mode. and just over an hour ago, the highly anticipated inspector general's report on this was released. cnbc's eamon javers joins us with details. good evening. >> good evening, this is the report you're talking about. it's a report from the...
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now, the question is, those are all obama appointees. the question is, do they jump fence to the white house or does it stay inside the treasury and the irs? that is a huge issue. >> if it turns out to be true, larry, they have to leave. >> i understand. we will have a discussion. it's one of the biggest things that popped out of the hearings today. thanks to governor doon an sean spicer. can you believe, there are some people out there that actually worry the big did you get deficit de reductions last week, this budget cutting will send it back into recession really? budget deficits? let me get to the bottom of that with art laffer. . the budget deficit is 4% of the gdp this year. only 4%. that's compared to 7% last year and 9% in 2010. however, some economists say deficits are being cut too vast. it could, therefore, lead us back into recession. i think he's out of his mind. what else is new? let's see what my pal art laffer has to say about that? a bad thing? the deficit is coming down? >> i think it's great the deficit is coming down
now, the question is, those are all obama appointees. the question is, do they jump fence to the white house or does it stay inside the treasury and the irs? that is a huge issue. >> if it turns out to be true, larry, they have to leave. >> i understand. we will have a discussion. it's one of the biggest things that popped out of the hearings today. thanks to governor doon an sean spicer. can you believe, there are some people out there that actually worry the big did you get...
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we're going to live to the white house when that event begins. president obama likely to get more questions about the unfolding irs controversy as well, but we start with the markets and a tweet that caught our attention today and should get yours, too. bill gerly sending this out last night. he was an influential tech analyst when the market burst. there's the tweet. man, it feels more and more like 1999 every day. brisk is being counted tremendously. so, is this 1999 all over again? has the froth reached dangerous levels? trading this hour, steve, pete, don and josh brown as well. how about that. answer that question. >> no. i think it's actually very, very different than 1999. i was there. so -- that was -- okay. so, from a stop perspective, not from a venture capital perspective, here are the major differences. one, it's not growth companies leading. it's defense i haves, bond proxies. 1999, the s&p was sporting a 30 some odd earnings multiple. right now, we're fighting over whether it should be 15 or 16. i think the parallels continue. they'
we're going to live to the white house when that event begins. president obama likely to get more questions about the unfolding irs controversy as well, but we start with the markets and a tweet that caught our attention today and should get yours, too. bill gerly sending this out last night. he was an influential tech analyst when the market burst. there's the tweet. man, it feels more and more like 1999 every day. brisk is being counted tremendously. so, is this 1999 all over again? has the...
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meanwhile, everybody in the white house knew about the irs except president obama. and stock margins remain wide next up on "kudlow." . >>> all right. remember, tuesdays you do 19 straight? i don't know. it's always more. i promise just when you are on "mad money." i'm jim cramer. i will see you tomorrow! >>> we have breaking news to start with tonight and it is devastating. a massive tornado has created a widespread disaster in the oklahoma city area. the biggest drama is what you are seeing right now, a school in moore, oklahoma, rescue crews are looking for survivors. we alts have reports of terrified parents rushing to the scene of that destroyed school. here's cnbc's bertha coombs with more. hello, bertha. >> reporter: hello, larry. your heart goes out to the people of moore, oklahoma. the tornado ripping through the area this afternoon causing
meanwhile, everybody in the white house knew about the irs except president obama. and stock margins remain wide next up on "kudlow." . >>> all right. remember, tuesdays you do 19 straight? i don't know. it's always more. i promise just when you are on "mad money." i'm jim cramer. i will see you tomorrow! >>> we have breaking news to start with tonight and it is devastating. a massive tornado has created a widespread disaster in the oklahoma city area. the...
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. >> here's a shot of the white house wii the bay. president obama expected to face questions about this irs scandal in a matter of minutes and of course, we will take you there live. with the new staples rewards program you get 5% back, on everything. everything. everything. everything. everything. everything. everything? [ all ] everything? yup! with the new staples rewards program you get 5% back on everything. everything? everything. [ male announcer ] the new staples rewards program. get free shipping and 5% back on everything your business needs. that was easy. on everything your business needs. are you still sleeping? just wanted to check and make sure that we were on schedule. the first technology of its kind... mom and dad, i have great news. is now providing answers families need. siemens. answers. (announcer) scottrade knows our and invest their own way. with scottrade's smart text, i can quickly understand my charts, and spend more time trading. their quick trade bar lets my account follow me online so i can react in real-
. >> here's a shot of the white house wii the bay. president obama expected to face questions about this irs scandal in a matter of minutes and of course, we will take you there live. with the new staples rewards program you get 5% back, on everything. everything. everything. everything. everything. everything. everything? [ all ] everything? yup! with the new staples rewards program you get 5% back on everything. everything? everything. [ male announcer ] the new staples rewards program....
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that president barack obama weighed into this in its relationship with the eu. steven is outside of house of parliaments in westminster. that support from the president presumably quite important. what he said is you normally try and fix a relationship first before you walk away from it. >> if there is a problem, i guess that is the way the u.s. president is indicating he would prefer the british to go. but perhaps we go back a step and look at the local elections throughout the county in the united kingdom. we look at the at what was and wasn't in the queen's speech. there was the right-hand side of the british fiscal spectrum which is now questioning a physical stance. perhaps a lot of that has been brought about the rise of the uk independence party. i'm delighted to see nigel has just joined us. we was working hard and we grabbed him. i think it's fair to say that the people -- you presently are the cat amongst the pigeons. what is the issue that we need to be fighting on regarding our membership of the eu? >> mr. cameron says he'll renegotiate and try and g
that president barack obama weighed into this in its relationship with the eu. steven is outside of house of parliaments in westminster. that support from the president presumably quite important. what he said is you normally try and fix a relationship first before you walk away from it. >> if there is a problem, i guess that is the way the u.s. president is indicating he would prefer the british to go. but perhaps we go back a step and look at the local elections throughout the county in...
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. >> john, we have to run, but this person who is now running obama care for the irs, the white house seems to be standing behind her. how long does that hold up? >> that's a good question. because there's some on the left who are saying she shouldn't be in that job. and so if you combine what conservatives saying, what republicans are saying with some of the criticism that, hey, wait a minute, somebody who has been associated with that office shouldn't be there, given the interest that the obama administration has in implementing obama care, it's so important to the president, you could certainly see her being shifted to another assignment. but, again, in her case, nobody has implicated her in terms of partisan motives or aggressively going out and making bad stuff happen at the irs. she was in a chain of command and it happened under her. so don't know yet. >> john harwood, thanks for joining us this morning. i'm sure we'll be talking about this a lot more in the coming days and weeks. >> you were talking about it over the weekend. >> i was talking about it over the weekend. >> they
. >> john, we have to run, but this person who is now running obama care for the irs, the white house seems to be standing behind her. how long does that hold up? >> that's a good question. because there's some on the left who are saying she shouldn't be in that job. and so if you combine what conservatives saying, what republicans are saying with some of the criticism that, hey, wait a minute, somebody who has been associated with that office shouldn't be there, given the interest...
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. ♪ >>> the big story tonight, president obama is weighing into the irs controversy. he just finished a live address at the white house where he announced the resignation of the acting chief of the irs. it was a something i called for him to do moments before it happened. anyway, ynbc's own ayman javers joins us from capitol hill. what else did the president say and good evening to you? >> good evening, larry. as you say within the past couple of minutes, we got a letter jack lew sent. he said the inspector general's report yesterday created an urgent need to respore public trust and confidence into the irs by installing new leadership. while i respect your loyal service at the irs, i find it necessary at this time to accept your resignation. it's a response to this situation of the irs agents in cincinnati and elsewhere looking into right wing groups, scrutinizing them in a way they were not scrutinizing left wing groups. the president had a chance to come out before cameras today. he issued a written statement yesterday. just within the past hour or so we saw him in
. ♪ >>> the big story tonight, president obama is weighing into the irs controversy. he just finished a live address at the white house where he announced the resignation of the acting chief of the irs. it was a something i called for him to do moments before it happened. anyway, ynbc's own ayman javers joins us from capitol hill. what else did the president say and good evening to you? >> good evening, larry. as you say within the past couple of minutes, we got a letter jack...
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. ♪ >>> the big story tonight, president obama is weighing into the irs controversy. he just finished a live address at the white house where he announced the resignation of the acting chief of the irs. it was a something i called for him to do moments before it happened. anyway, ynbc's own ayman javers joins us from capitol hill. what else did the president say and good evening to you? >> good evening, larry. as you say within the past couple of minutes, we got a letter jack lew
. ♪ >>> the big story tonight, president obama is weighing into the irs controversy. he just finished a live address at the white house where he announced the resignation of the acting chief of the irs. it was a something i called for him to do moments before it happened. anyway, ynbc's own ayman javers joins us from capitol hill. what else did the president say and good evening to you? >> good evening, larry. as you say within the past couple of minutes, we got a letter jack...
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. >>> still to come, president obama's outrage over the targeting of consumer goods. why the white house is losing control over its own destiny after a triple whammy of scandals. second half of "worldwide exchange" after this. we went out and asked people a simple question: how old is the oldest person you've known? we gave people a sticker and had them show us. we learned a lot of us have known someone who's lived well into their 90s. and that's a great thing. but even though we're living longer, one thing that hasn't changed: the official retirement age. ♪ the question is how do you make sure you have the money you need to enjoy all of these years. ♪ a talking car. but i'll tell you what impresses me. a talking train. this ge locomotive can tell you exactly where it is, what it's carrying, while using less fuel. delivering whatever the world needs, when it needs it. ♪ after all, what's the point of talking if you don't have something important to say? ♪ >>> the second half of "worldwide exchange," here are the headlines. japan's better than expected 3.5% gro
. >>> still to come, president obama's outrage over the targeting of consumer goods. why the white house is losing control over its own destiny after a triple whammy of scandals. second half of "worldwide exchange" after this. we went out and asked people a simple question: how old is the oldest person you've known? we gave people a sticker and had them show us. we learned a lot of us have known someone who's lived well into their 90s. and that's a great thing. but even...
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i don't know what president obama had to do with this or anything. i'm just asking you this. hang on. ed rendell the principals of this thing. let's look at this lois lerner, doug schulman, who was bush's guy. steve miller, who was the acting guy. those people all basically lied to congress at one time or another, including the bush guy, because they said they did not know, they did not know about these attacks. they did not know about this bad process. and they did know. they all knew in 2011 and schulman definitely had to know by 2012. those are facts and they lied to congress. my point is, if the top group keeps lying about the targeting of conservative groups, then that tells me right down the chain of command, there's going to be lies, unless as joe said, there are subpoenas under oath to get to the bottom of this. david werfel is going to go into the committee. he's going to run the irs. i don't know who he is. he is probably a fine man. he will be there four months, not nearly enough time. lack lew, he is an obama operative. that's why i think you need an independent c
i don't know what president obama had to do with this or anything. i'm just asking you this. hang on. ed rendell the principals of this thing. let's look at this lois lerner, doug schulman, who was bush's guy. steve miller, who was the acting guy. those people all basically lied to congress at one time or another, including the bush guy, because they said they did not know, they did not know about these attacks. they did not know about this bad process. and they did know. they all knew in 2011...
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house is still in damage control mode after barack obama's toughest week since winning re-election in november. he served under president obama and george w. bush. the house ways and means committee will hold a hearing on the internet revenue services screaming to conservative groups at 9:00 eastern today. >>> meanwhile, as cash scrapped governments look for new ways to raise revenue, policymakers have been cracking down on loopholes overseas the. and mexico says it could have a serious impact on american residents living or relocating abroad. joining us is david scott. the firm recently launched a u.s. division to help investors living in the uk comply with these new laws. thanks so much, indeed, for joining us, david. we just heard about the uk becoming a really attractive place for people to relocate. what is -- just explain what factor is and, you know, why it's changing the game in a simple terms as you can. >> to try and keep it very simple. we can be here for hours. essentially, legislation was brought in to make sure that countries across the world report on u.s. citizens livi
house is still in damage control mode after barack obama's toughest week since winning re-election in november. he served under president obama and george w. bush. the house ways and means committee will hold a hearing on the internet revenue services screaming to conservative groups at 9:00 eastern today. >>> meanwhile, as cash scrapped governments look for new ways to raise revenue, policymakers have been cracking down on loopholes overseas the. and mexico says it could have a...
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bush white house, he said, much better for republicans to cut a deal on entitlements on barack obama's watch, not for a republican president. >> what do you think, rick? >> i think it would behoove the democrats to cut a deal with the republicans for the future of their party. >> explain. it would behoove the democrats for the future of their party, but what's the message that then they get to sort of campaign on? how do they politically win from that? >> see, i don't look at this through the guise of kabuki politics. and to me, if things like reforming health care or the tax code become little chess pawns in a game, then i think that there's very little hope in the near future. and i think the scandals will totally preoccupy washington, because the issue of every scandal in a simple, common denominator is trust, and trust is integral to any type of grand bargain, and i think not only didn't trust exist before the scandals, but now i think that there is an aroma that is associated with many of the incumbents and many of the leadership. that last exchange with erik holder, head of the j
bush white house, he said, much better for republicans to cut a deal on entitlements on barack obama's watch, not for a republican president. >> what do you think, rick? >> i think it would behoove the democrats to cut a deal with the republicans for the future of their party. >> explain. it would behoove the democrats for the future of their party, but what's the message that then they get to sort of campaign on? how do they politically win from that? >> see, i don't...
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like a very pivotal moment in the second term of barack obama as president. is his second term really at stake here in how these variety of issues including syria play out? >> as the president -- the president is leaving now, i should point out. maybe you can't see that. >> no, i can't see that. i'm glad you told me. tyler, i think we have to be careful into taking any particular bad moment, bad day, bad week and being too definitive about what it means for the rest of his agenda. he has still got an immigration bill which is making progress on the hill. democrats and republicans working together. still has the possibility for a budget deal. he is working his administration to implement the health care law. the economy is getting somewhat better. having said that, though, the longer a president is in office, the more controversies you accumulate and have to respond to. what they decided to do after the ig report came out on the irs early in the week, they decided to take a big swing at all of the problems and try to respond forcefully across the board and the
like a very pivotal moment in the second term of barack obama as president. is his second term really at stake here in how these variety of issues including syria play out? >> as the president -- the president is leaving now, i should point out. maybe you can't see that. >> no, i can't see that. i'm glad you told me. tyler, i think we have to be careful into taking any particular bad moment, bad day, bad week and being too definitive about what it means for the rest of his agenda....
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now, folks, president obama seems to be losing a lot of his support from his key scituatecy, that being the media. the irs, a.p. and benghazi scandals are taking a toll. the love affair may be over. we will talk to media expert brent brosell about. that listen to manic obama supporter chris matthews. she talking this morning about how the obama team is losing the voter's confidence. chris matthews. >> for anybody to run around walk and say we don't run the irs, i'm recusing myself, everybody is saying the steering wheel doesn't control the car anymore. the voter out there says, wait a minute. i voted. i want the person i voted for to be in charge so i can vote against him or her the next time. that's the only power i have. you are telling me i don't have it because you don't have it. that's going to really bug people. announcer ] there are people who find their own path. and never back down. who believe the american dream doesn't just happen, it's something you have to work for. ♪ we're for those kinds of people. because we're that kind of airline. and we never stop looking for a bett
now, folks, president obama seems to be losing a lot of his support from his key scituatecy, that being the media. the irs, a.p. and benghazi scandals are taking a toll. the love affair may be over. we will talk to media expert brent brosell about. that listen to manic obama supporter chris matthews. she talking this morning about how the obama team is losing the voter's confidence. chris matthews. >> for anybody to run around walk and say we don't run the irs, i'm recusing myself,...
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we'll have to watch and see how the obama administration handle always of this going forward, because there are a lot of questions still unanswered on both of these fronts today, guys. >> that was going to be my question to you. because there is still this issue of the sequester to be resolved. we're apparently behind closed doors trying to make some progress on getting a budget done for the first time in how many years. but do you sense, maybe it's too early to sell at this point, do you sense that a lot of that will have to go away now because of all of this? >> i don't think it goes away. i mean, talks still continue, people continue to have meetings, but it definitely poisons the atmosphere in washington that was already pretty well-poisoned. you remember just last week, what we were talking about, president obama's personal outreach to members of congress, folks in the other party, having lunch, playing golf, doing things you need to schmooze legislators and get business done. today we're talking about scandal mode. people are raising the comparison to watergate already in this.
we'll have to watch and see how the obama administration handle always of this going forward, because there are a lot of questions still unanswered on both of these fronts today, guys. >> that was going to be my question to you. because there is still this issue of the sequester to be resolved. we're apparently behind closed doors trying to make some progress on getting a budget done for the first time in how many years. but do you sense, maybe it's too early to sell at this point, do you...
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i think you can expect president obama when he comes out at his news conference in a few minutes here at the white house to voice similar sentiments because this is something that is not good for his administration, not good for the credibility of the executive branch and darryl issa was on "meet the press" yesterday talking about it is aing there are definite reforms that need to be enacted to prevent it from happening again. here's darryl issa. >> this is something that you have to institute changes to make sure it doesn't happen again. there has to be accountability for the people who did it and quite frankly, up until a now days ago, there has to be accountability for people telling lies about it being done. >> that's one of the things that i think you can expect republicans to focus and president obama to address. the irs denied in congressional testimony in 2012 that this was taking place and then just on friday inexplicably at a conference in answer to a question acknowledged that in fact, it had taken place. all of the issues surrounding how broad it was, who knew about it and
i think you can expect president obama when he comes out at his news conference in a few minutes here at the white house to voice similar sentiments because this is something that is not good for his administration, not good for the credibility of the executive branch and darryl issa was on "meet the press" yesterday talking about it is aing there are definite reforms that need to be enacted to prevent it from happening again. here's darryl issa. >> this is something that you...
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>> obama warnings wham ron that britain would lose influence in the u.s. if it pulls out of the eu. he has threatened he would remove that churchill bust on the white house. >> that's not going to hold -- >> he already did that. i'm sorry. >> when did this all happen? we've been talking about this for a long time. there hasn't been a tipping point. dan loeb who made a small fortune buying up greek bonds. frankly, had he listened to a lot of the conversation over the past year he wouldn't have necessarily done that. >> are you tying this back to your story again, talking about dan loeb? >> dan loeb. >> he broke a big story last night with dan loeb. >> did you mention too big to fail? >> definitely not the movie. he could have a cameo in the new paper back. we're updating that and it will be available on -- no. >> do you feel like you missed some of the move over there recently? >> no. i'll tell you what when i first warned about greece it was january 13th january 13th, 2010. we've never seen that level again. i'm talking much more with investors, insurance companies, money managers b
>> obama warnings wham ron that britain would lose influence in the u.s. if it pulls out of the eu. he has threatened he would remove that churchill bust on the white house. >> that's not going to hold -- >> he already did that. i'm sorry. >> when did this all happen? we've been talking about this for a long time. there hasn't been a tipping point. dan loeb who made a small fortune buying up greek bonds. frankly, had he listened to a lot of the conversation over the past...
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president obama announcing the agency's commissioner, acting commissioner, is out. >> the misconduct that uncovered is inexcusable. it's inexcusable and americans are right to be angry about it and i am angry about it. i will not tolerate this kind of behavior in any agency, but especially by the irs, given the power that it has and the reach that it has in all of our lives. as i said earlier, it should not matter what political stripe you're from, the fact of the matter is that the irs has to operate with absolute integrity. >> let's talk more about this with our chief washington correspondent john harwood and chief economic correspondent -- >> i'm not an economist per se. i'm a correspondent. >> neither are any of them. >> economist if joe says you're an economist. >> dude, you're a reporter. >> chief economic reporter. >> okay. >> that will be like saying harwood is the chief politician. >> wow. >> not much of a stretch. man behind morning -- how are you doing, john? this guy was only there for four months. what did he do? >> joe, i know you have a question and i want to get to do
president obama announcing the agency's commissioner, acting commissioner, is out. >> the misconduct that uncovered is inexcusable. it's inexcusable and americans are right to be angry about it and i am angry about it. i will not tolerate this kind of behavior in any agency, but especially by the irs, given the power that it has and the reach that it has in all of our lives. as i said earlier, it should not matter what political stripe you're from, the fact of the matter is that the irs...
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steven miller, the former acting irs commissioner, forced to resign by president obama. >> hi, david. well, some really tough questions here for miller. right now the issue that the republican side is grilling in on is whether or not miller communicated with anybody at treasury or white house. miller is saying that he did not communicate information himself. he didn't share information himself. whether he talked about the topic generally, though with treasury appears to be a different question. then of course we have seen heated exchanges. including an exchange over whether or not miller kept notes of certain conversations. take a listen to this exchange with the congressman. >> what day did the conversation take place? >> i would have to look back at my notes on that, sir? >> you've got notes on that? >> i would have to try to find them. >> why didn't you say you have notes if you did? >> sir, please. >> please? do you have notes or don't you have notes? >> i don't know. >> so that's the kind of day that steven miller is having, guys. a very tough one on capitol hill for him. the not
steven miller, the former acting irs commissioner, forced to resign by president obama. >> hi, david. well, some really tough questions here for miller. right now the issue that the republican side is grilling in on is whether or not miller communicated with anybody at treasury or white house. miller is saying that he did not communicate information himself. he didn't share information himself. whether he talked about the topic generally, though with treasury appears to be a different...
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a major supporter of barack obama has been nominated by the white house to become commerce secretary. her hearing is scheduled for thursday. poppy? >> paul, thanks so much. >>> coming up, a brand-new cnn poll on president obama after quite a week for the white house. how is he doing in his second term? find out more later this morning on "state of the union" with candy crowley that begins at 9:00 a.m. eastern. >>> when it comes to advice, television host wendy williams holds nothing back. you're going to see from her the good, the bad, the uncomfortable. if you have questions for wendy, she has answers. i had a chance to sit down with her, speak with her about a lot of different issues. the book, raising her 12-year-old son, the women's movement, what does she think? take a listen. >> ask wendy. sixth book? >> yep. >> why write it now? you said it's the easiest book you've written. >> easiest book because the book is made up of letters that wendy watchers have sent me from all over the country. they sent me their toughest questions and i answer them in the book. it has been my fav bec
a major supporter of barack obama has been nominated by the white house to become commerce secretary. her hearing is scheduled for thursday. poppy? >> paul, thanks so much. >>> coming up, a brand-new cnn poll on president obama after quite a week for the white house. how is he doing in his second term? find out more later this morning on "state of the union" with candy crowley that begins at 9:00 a.m. eastern. >>> when it comes to advice, television host wendy...
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president obama held a news conference the other day outside the white house? it started to rain and i think we have a picture here and we have the footage and he calls in for them to there the umbrella and "new york post" called this a scandal. an interesting moment an odd moment. is it a scandal? a. >> absolutely not a scandal. it happens with tiger woods and golfers. when important people are not allowed to get wet. michael jackson had a guy he hired for 20 years -- >> some people like sarah palin said, well, most people hold their own umbrellas. >> it's a medfoafore. here he is rainy day. >> when it rains it pours. >> it's a metaphor for a lot of stories. >> i'm going to go out on a limb and say that story was all wet. >> couldn't resist. >> thanks for stopping by this sunday morning. >>> when we come back, we'll look at the benghazi talking points and make some news here and how that story was handled. even in stupid loud places. to prove it, we set up our call center right here... [ chirp ] all good? [ chirp ] getty up. seriously, this is really happening
president obama held a news conference the other day outside the white house? it started to rain and i think we have a picture here and we have the footage and he calls in for them to there the umbrella and "new york post" called this a scandal. an interesting moment an odd moment. is it a scandal? a. >> absolutely not a scandal. it happens with tiger woods and golfers. when important people are not allowed to get wet. michael jackson had a guy he hired for 20 years -- >>...
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and our vast footprint has been expanded under the obama administration. the white house has extended america's security umbrella to include defending israel and the moderate arab states against the threat posed by iran's possible development and nuclear weapons. it is enlarging the u.s. military presence in asia with a new base in australia to deal with china's rights. to call all this isolationism is to mangle both language and logic. in fact, president obama's world view is rooted in american exceptionalism. you see, the fundamental pattern of international relations is that as a country becomes powerful, others gang up to bring it down. that's what happened to the habsburg empire, france and germ manny and the soviet union. one great exception to this rule in modern history. the united states. america has risen to global might and has not produced the balancing opposition that many would have predicted. in fact, the astonishing position of being the world's dominant power while many of the world's next most powerful nations, britain, france, germany, j
and our vast footprint has been expanded under the obama administration. the white house has extended america's security umbrella to include defending israel and the moderate arab states against the threat posed by iran's possible development and nuclear weapons. it is enlarging the u.s. military presence in asia with a new base in australia to deal with china's rights. to call all this isolationism is to mangle both language and logic. in fact, president obama's world view is rooted in...
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May 18, 2013
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yes, it was a bad week for the white house politically. maybe the worst of obama's second term. will it derail his legacy? after all, he promised to help us prosper. >> we believe that america's prosperity must rest upon the broad shoulders of a rising middle class. we know that america thrives when every person can find independence and pride in their work. when the wages of honest labor liberate family from the brink of hardship. >> this white house is stuck in crisis management, not legacy building. for now. >> the chief political strategist at potomac research group and the editorial director of the national journal, gentlemen, welcome to the program. greg, it is not off i get to see teapot dome scandal on television. we're trying to put this in perspective. really trying to put this really into perspective. you say the scandals could push democrats away from the president this summer. put it in perspective for me. how does it hurt our economic recovery or does it matter? >> i think it is going to hurt barack obama's ability to spin a pretty good story with the economy impro
yes, it was a bad week for the white house politically. maybe the worst of obama's second term. will it derail his legacy? after all, he promised to help us prosper. >> we believe that america's prosperity must rest upon the broad shoulders of a rising middle class. we know that america thrives when every person can find independence and pride in their work. when the wages of honest labor liberate family from the brink of hardship. >> this white house is stuck in crisis management,...
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rene, the white house is on the defense. president obama's approval numbers yet are on the upswing. how is the white house reacting today? >> reporter: right, don. 53% approval rating is welcome news for the president, but it is so clear that the white house is ready to move on. the president's senior adviser dan pfeiffer, appearing on all five sunday talk shows saying that they won't be distracted from the important issues, like jobs, and they won't participate in "partisan fishing expeditions." now, on cnn's "state of the union" pfeiffer said that even though top treasury officials were aware of the irs investigation last year before the election, the white house did not know until a few weeks ago. >> here's the cardinal rule when you have situations like these. not just for this white house but all white houses. you do not interfere were an independent investigation and you do not do anything to get off the appearance of interference in an independent investigation, but the treasury department knew. >> as they should, because they oversee the irs. >> all right. and the majority o
rene, the white house is on the defense. president obama's approval numbers yet are on the upswing. how is the white house reacting today? >> reporter: right, don. 53% approval rating is welcome news for the president, but it is so clear that the white house is ready to move on. the president's senior adviser dan pfeiffer, appearing on all five sunday talk shows saying that they won't be distracted from the important issues, like jobs, and they won't participate in "partisan fishing...
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>>> president obama is weathering the storm of controversy surrounding his white house for now. however, under stormy skies in atlanta, mr. obama attempted to move the focus off the irs, benghazi, and the associated press. he spoke about the economy and health care in his address to morehouse college. >> my job as prdz is to advocate for policies that generate more opportunity for everybody. policies that strengthen the middle class and give more people the chance to climb their way into the middle class. policies that create more good jobs and reduce poverty and educate more children and give more families the security of health care and protect more of our children from the horrors of gun violence. that's my job. >> so can the president change the focus from the recent scandals and controversies? let's turn to charles blow in new york and errol in washington. writing for the "new york times." good to see you both. >> ross, let me begin with you. the president seems to be moving forward. his approval rating is up even after all these controversies were revealed. so does washing
>>> president obama is weathering the storm of controversy surrounding his white house for now. however, under stormy skies in atlanta, mr. obama attempted to move the focus off the irs, benghazi, and the associated press. he spoke about the economy and health care in his address to morehouse college. >> my job as prdz is to advocate for policies that generate more opportunity for everybody. policies that strengthen the middle class and give more people the chance to climb their...
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and this is a much more divided picture for the white house. on that controversy -- and that again is over last september's attack in benghazi which left the u.s. ambassador and three other americans dead, 42% are satisfied with the way the obama administration handled the situation. now, that's not a great number, but it's also basically unchanged from last year. and it's the same story on the controversy that flared up afterwards. nearly six in ten say the gop is reacting appropriately with less than four in ten saying, well, they're overreacting. >> so that's in fact kind of my next question which was we spent the whole week, we heard the i-word, impreecheachment, i'm s lot of folks even said to me we need to be careful, republicans were warned to kind of dial back and stick to the facts. but the public, you say, is supportive of where republicans are so far. >> the public is good with where republicans are because for the republican party there has been fear that some members will overplay their hand on these controversies. well, our poll i
and this is a much more divided picture for the white house. on that controversy -- and that again is over last september's attack in benghazi which left the u.s. ambassador and three other americans dead, 42% are satisfied with the way the obama administration handled the situation. now, that's not a great number, but it's also basically unchanged from last year. and it's the same story on the controversy that flared up afterwards. nearly six in ten say the gop is reacting appropriately with...
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pritsger a major supporter of president barack obama has been nominated by the white house to become congress secretary. her senate confirmation hearing is schedule for thursday. poppy. >> paul, thanks so much. appreciate it. >>> well, president obama, his administration on the defensive over a host of things. how is it all playing out with the american people? we're going to take a look. t sas helps lower cholesterol as part of a heart healthy diet. that's true. ...but you still have to go to the gym. ♪ the one and only, cheerios ♪ the one and only, cheerios there was this and this. she got a parking ticket... ♪ and she forgot to pay her credit card bill on time. good thing she's got the citi simplicity card. it doesn't charge late fees or a penalty rate. ever. as in never ever. now about that parking ticket. [ grunting ] [ male announcer ] the citi simplicity card is the only card that never has late fees, a penalty rate, or an annual fee, ever. go to citi.com/simplicity to apply. even in stupid loud places. to prove it, we set up our call center right here... [ chirp ] all g
pritsger a major supporter of president barack obama has been nominated by the white house to become congress secretary. her senate confirmation hearing is schedule for thursday. poppy. >> paul, thanks so much. appreciate it. >>> well, president obama, his administration on the defensive over a host of things. how is it all playing out with the american people? we're going to take a look. t sas helps lower cholesterol as part of a heart healthy diet. that's true. ...but you still...
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yes, it was a bad week for the white house politically, maybe the worst of obama's second term, but will it derail his legacy? after all, he promised to help us prosper. >> we believe it must rest on the broad shoulders of a rising middle class. we know america thrives when every person can find independence and pride in their work, when the wages of honest labor liberate families from the brink of hardship. >> but this white house is stuck in crisis management, not legacy building, for now. greg is the chief political strategist at potomac. and ron is here with us. gentleman, welcome to the program. greg, it's not very often i get to say teapot dome scandal on television. we're trying to put this in perspective, really put this in perspective. you say these scandals could push democrats away from the president this summer. put in perspective, how does it hurt our economic recovery, or does it matter? >> i think it's going to hurt barack obama's ability to spin a pretty good story with the economy improving, with the budget deficit plunging. i think that would be a slight negative for hi
yes, it was a bad week for the white house politically, maybe the worst of obama's second term, but will it derail his legacy? after all, he promised to help us prosper. >> we believe it must rest on the broad shoulders of a rising middle class. we know america thrives when every person can find independence and pride in their work, when the wages of honest labor liberate families from the brink of hardship. >> but this white house is stuck in crisis management, not legacy building,...
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-- the irs allegations were out there and the white house essentially hadn't done much to get ahead of him. i think they have now taken a much more aggressive posture with all three of these. >> all right, jack quinn, karen tumulty -- real quick, jack, if you have a final thought. >> i think it is really important that the white house be clear about cooperating in these inquiries and i think it is important for the republicans not to fall into the trap of exaggerating or appearing to be partisan in these investigations. >> because that, too, canback fire. >> you bet it will. >> jack quinn, karen tumulty, thank you. >>> we'll have much more on the tornadic activity in the midsection of the country when we come back. money, and i avoid frustration. you'll find reviews on home repair to healthcare written by people just like you. you want to be sure the money you're about to spend is money well spent. angie's list -- reviews you can trust. ♪ ♪ ♪ ♪ [ female announcer ] nothing gets you going quite like the power of quaker oats. today is going to be epic. quaker up. today is goin
-- the irs allegations were out there and the white house essentially hadn't done much to get ahead of him. i think they have now taken a much more aggressive posture with all three of these. >> all right, jack quinn, karen tumulty -- real quick, jack, if you have a final thought. >> i think it is really important that the white house be clear about cooperating in these inquiries and i think it is important for the republicans not to fall into the trap of exaggerating or appearing...
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it is rare but president obama is not the only president to have faced three or more scandals at once. >> late in his term, truman had a quadruple whammy affecting him. he had scandals involving bribery, among white house officials, he had scandals involving corruption in the tax bureau, in the treasury. >> reporter: within just a few months in 1951 and 1952 all of this happened, the korean war went south, harry truman's top aide was caught trying to buy influence. the president fired a popular general, and a massive bribery scandal engulfed the irs. yes, the irs. his approval numbers plummeted but none of that is remembered about truman today. >> scandals are way overblown in their political effects. everyone thinks oh my god, it's going to be another watergate, it's going to bring down the president. it's going to damage his party permanently. almost no scandals do that. >> reporter: what does make a scandal permanent? lichtmann says two things, when there's proof a president is directly involved and when his own party starts speaking against him. lisa desjardins, cnn, washington. >
it is rare but president obama is not the only president to have faced three or more scandals at once. >> late in his term, truman had a quadruple whammy affecting him. he had scandals involving bribery, among white house officials, he had scandals involving corruption in the tax bureau, in the treasury. >> reporter: within just a few months in 1951 and 1952 all of this happened, the korean war went south, harry truman's top aide was caught trying to buy influence. the president...
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. >> jeff, does it pass the smell test that the obama white house itself would not be informed about this just from a potential p.r. standpoint? >> it certainly actually does pass the smell test that the white house would not be involved. attorney general holder had to know. there is no question that a decision like this goes all the way to the attorney general. now, just to put this in a little perspective, the a.p. has suggested that this is part of an investigation of a leak regarding a possible terrorist attack in yemen and the administration will surely say look, you know, it's all well and good that journalists want to protect their sources, but this is a matter of life and death. if this stuff gets leaked, people will die, so we are willing to take that extreme step. i think that's the kind of balance you're going to see on this story. >> well, we'll see what the department of justice says about it. dana, the other controversy is the news the irs intentionally red flagged conservative groups applying for tax-exempt status. they would look for key words like tea party or patrio
. >> jeff, does it pass the smell test that the obama white house itself would not be informed about this just from a potential p.r. standpoint? >> it certainly actually does pass the smell test that the white house would not be involved. attorney general holder had to know. there is no question that a decision like this goes all the way to the attorney general. now, just to put this in a little perspective, the a.p. has suggested that this is part of an investigation of a leak...
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white house, how much they knew. the administration is saying they knew nothing about this irs scandal at all, correct? >> that's right. they said that jay carney, the white house spokesman, said the counsel's office found out a few weeks ago that the inspector general was doing this investigation at all but you're absolutely right. what this does is feed into an already existing huge problem with the american people, that is that they simply don't trust the government. that's obviously the basis for this country. but it has really gotten so much worse recently and the fact that you have these two issues, you have the government effectively spying on and taking records from journalists, and then of course, the irs which has never had the greatest reputation in the world. it's definitely a double whammy. >> and already this administration is actually going after more classified leaks than basically all recent administrations combined. >> that's right. i don't fault them so much on that, and i must say in their defense
white house, how much they knew. the administration is saying they knew nothing about this irs scandal at all, correct? >> that's right. they said that jay carney, the white house spokesman, said the counsel's office found out a few weeks ago that the inspector general was doing this investigation at all but you're absolutely right. what this does is feed into an already existing huge problem with the american people, that is that they simply don't trust the government. that's obviously...
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white house. could there be legal fallout? our legal guys will be weighing in. >>> and did you already get your powerball ticket? the drawing for the $600 million jackpot is tonight and everyone wants a shot at it. but what are your odds? >>> we begin with that devastating commuter train crash in connecticut. ntsb investigators are now on the scene. the collision last night injured dozens of people and it's creating quite the night -- nightmare for commuters. susan, what is happening there right now? >> reporter: investigators from the national transportation safety board are on site and they are fanning out to take a closer look at this accident scene, which they said covers about 200 yards or so, so the length of two football fields. we're talking about two commuter trains. one going eastbound from new york heading to new haven, connecticut, and the other one going in the opposite direction. the first one derailed a little after 6:00 in the evening at the height of rush hour on friday night when
white house. could there be legal fallout? our legal guys will be weighing in. >>> and did you already get your powerball ticket? the drawing for the $600 million jackpot is tonight and everyone wants a shot at it. but what are your odds? >>> we begin with that devastating commuter train crash in connecticut. ntsb investigators are now on the scene. the collision last night injured dozens of people and it's creating quite the night -- nightmare for commuters. susan, what is...
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a brutal, brutal day for the obama administration. white house press secretary jay carney and u.s. attorney general eric holder both tangled with the press this afternoon, and it was rough. after benghazi, the irs scandal, and now reports that the justice department covertly seized reporters' phone records both had a lot of explaining to do. carney got hammered. >> president obama is being compared to president nixon. how does he feel about that? >> in every instance either the president or you have placed the burden of responsibility someplace else. >> can you say categorically nobody at the white house and nobody on the political team had any knowledge or was involved in any way in the targeting of tea party groups by the irs? >> he's prosecuted in this administration more people for leaks than every other president put together. >> i missed that. and in the middle of all that carney says the white house had no idea about this. >> other than press reports, we have no knowledge of any attempt by the justice department to seek phone records of the associated press. we are not invol
a brutal, brutal day for the obama administration. white house press secretary jay carney and u.s. attorney general eric holder both tangled with the press this afternoon, and it was rough. after benghazi, the irs scandal, and now reports that the justice department covertly seized reporters' phone records both had a lot of explaining to do. carney got hammered. >> president obama is being compared to president nixon. how does he feel about that? >> in every instance either the...
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so what's the danger here, if there is one, for the obama white house? >> wolf, we covered the white house together for a long time. yes, it's only may 2013, but 2014, the six-year presidential itch election, what they call it. you have benghazi, the blossoming irs scandal which has legs that could last for months. you have the questions about the department of justice. so you know now you have an emboldened republican party. you just heard congress marn chaffetz. you have a republican party keep asking questions, keep demanding witnesses. now a new criminal investigation, the hill wants more answers on that. you have an emboldened republican party. the flip side and the other risk is, now you're starting to see democrats say we want answers from the irs. we're not certain what's going on in this administration. we think the president should be tougher and act faster. if you get emboldened republican party and democratic drift, if they start drifting from the president, remember, the last two years of the george w. bush administration, rising opposition
so what's the danger here, if there is one, for the obama white house? >> wolf, we covered the white house together for a long time. yes, it's only may 2013, but 2014, the six-year presidential itch election, what they call it. you have benghazi, the blossoming irs scandal which has legs that could last for months. you have the questions about the department of justice. so you know now you have an emboldened republican party. you just heard congress marn chaffetz. you have a republican...
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he met with president obama at the white house yesterday. >>> and next hour, prince harry will tour the jersey shore. he wanted to get a first-hand look at the devastation left behind by superstorm sandy and meet survivors before his trip ends tomorrow. chris christie will be his tour guide. the mayor spoke to poppy harlow a moment ago. >> it shows people across the country that this town was hit relatively hard, considering what happened and his presence alone should -- >> reporter: it is important that prince harry is coming here today? >> absolutely. i think any time you can get a positive story on the rebuilding of what we're doing in seaside heights, let the people get a visu visual aid of what's going on. >> seven months since sandy and i have seen it around here. a lot of progress has been made, but a lot of work to be done. does this help a lot in putting new jersey, the coast, back on the map in terms of the aid that many argue is needed here? >> i would hope it does. not just for seaside heights, i like the way you put it. aid not only here but for the coast. seaside heights w
he met with president obama at the white house yesterday. >>> and next hour, prince harry will tour the jersey shore. he wanted to get a first-hand look at the devastation left behind by superstorm sandy and meet survivors before his trip ends tomorrow. chris christie will be his tour guide. the mayor spoke to poppy harlow a moment ago. >> it shows people across the country that this town was hit relatively hard, considering what happened and his presence alone should -- >>...
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and one of the interesting parts of the obama administration's and the white house's reaction to the benghazi controversy or scandal is the fact that they have now accepted the fact that what a lot of us were reporting in september and oob
and one of the interesting parts of the obama administration's and the white house's reaction to the benghazi controversy or scandal is the fact that they have now accepted the fact that what a lot of us were reporting in september and oob
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we are still told by the white house that the counsel did not tell that to president obama. how are democrats handling this on capitol hill? obviously republicans are outraged. i haven't heard a lot of democrats coming to the president's defense or saying that the president is doing a good job handling this. >> jake, this is the first time we've seen i think since the president has been in office where congressional democrats have joined with republicans in criticizing the administration and promising to try and get to the bottom of something. it's typical for your party if your party is in the white house you don't want to cause that guy a problem and that's just the way things go. in washington a lot of politics is situational. a lot of ethics is situational. but you saw with max baucus and more importantly to me harry reid the senate majority saying, i support max baucus in trying to get to the bottom of this. that's when i knew that the dynamic in trying to figure out what happened with the irs is going to be a lot different than benghazi and a lot different than other t
we are still told by the white house that the counsel did not tell that to president obama. how are democrats handling this on capitol hill? obviously republicans are outraged. i haven't heard a lot of democrats coming to the president's defense or saying that the president is doing a good job handling this. >> jake, this is the first time we've seen i think since the president has been in office where congressional democrats have joined with republicans in criticizing the administration...
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May 20, 2013
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here's c n n national correspond jim acosta. >> reporter: as president obama escaped the white house to deliver a commencement speech in a steady rain at moorehouse college, the republicans are pouring it on. top gop leaders fanned out on the sunday talk shows vowing to get to the tomorrow of the irs scandal. >> who knew, when did they know, why did they do this. >> what they want to do is drag washington into a swamp of partisan fishing expeditions. >> reporter: dan pfeiffer was asked time and again when did the president find out about it. >> when it came out on the news on friday. here's the cardinal rule. not for just this white house but for all white houses you don't interfere in an independent investigation. >> reporter: the irs scandal hasn't damaged the president's approval numbers according to a new poll. a deeper look at the numbers finds the republican is concerned about the irs along with the questions about benghazi and the government seizure of phone records from associated press journalists. after his address to college graduates on sunday the president said it's him
here's c n n national correspond jim acosta. >> reporter: as president obama escaped the white house to deliver a commencement speech in a steady rain at moorehouse college, the republicans are pouring it on. top gop leaders fanned out on the sunday talk shows vowing to get to the tomorrow of the irs scandal. >> who knew, when did they know, why did they do this. >> what they want to do is drag washington into a swamp of partisan fishing expeditions. >> reporter: dan...